All Forum Posts by: Eric Benzenhoefer

True LTV Refinance loans up to 75% Loan To appraised Value (not loan to cost)

• Appraised values of $60,000 or more
• Borrower with credit score of 630+
• 1-4 Unit properties
• Plans to hold for 5 years to avoid prepayment penalty
• **12 month rental history OR you are refinancing out of a rehab**

Other pros:

• **True LTV% loans**
• Roll points into loan
• FAST loan decisions in < 24 hours
• FAST close in 20-25 business days
• Foreign nationals eligible at 65% LTV
• Bank Free loan
• FIXED rate for 30 YEARS

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Hard Money Starting at 7% for experienced and 3 points

- ARV's of $125,000 - $1,600,000

- Rates go as low as 7% for experienced investors

- Most investors will fall in the 10-14% range - Last one...9.25%!

- 3 Origination Points

- $300 appraisal fee

- Single Family Houses, duplexes, triplexes, fourplexes, attached and detached PUD, and condos

- Same business day rate quote

- Close in 15-30 business days

- Need to close in 7-10? Contact me, I have another program.

- Have a property with an ARV of $70,000 - $124,999? Contact me, I have another program.

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Hard Money Starting at 7% for experienced and 3 points

- ARV's of $125,000 - $1,600,000

- Rates go as low as 7% for experienced investors

- Most investors will fall in the 10-14% range, and I just did one yesterday for 9.75%

- 3 Origination Points

- $300 appraisal fee

- Single Family Houses, duplexes, triplexes, fourplexes, attached and detached PUD, and condos

- Same business day rate quote

- Close in 15-30 business days

- Need to close in 7-10? Contact me, I have another program.

- Have a property with an ARV of $70,000 - $124,999? Contact me, I have another program.

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

True LTV Refinance loans up to 75% Loan To appraised Value (not loan to cost)

"Must haves" for the Rentals:

• Appraised values of $60,000 or more
• Borrower with credit score of 630+
• 1-4 Unit properties
• Plans to hold for 5 years to avoid prepayment penalty
• **12 month rental history OR you are refinancing out of a rehab**

Other pros:

• **True LTV% loans**
• Roll points into loan
• FAST loan decisions in < 24 hours
• FAST close in 20-25 business days
• Foreign nationals eligible at 65% LTV
• Bank Free loan
• FIXED rate for 30 YEARS!

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Fast Closing 30 year fixed Buy and Hold Rental Loans

The Best fit for the program is a borrower looking for quick and easy buy and hold financing without the headaches of a bank.

• Property Types
  • Single Family
  • Duplex, Triplex, and Four Plexes
• Loan Value
  • $45,000 - $1,000,000
• LTV - For a purchase
  • Up to 75% Loan to Cost
• Refinance / Cash Out
  • Up to 75% - must have either...
  • 1 year of ownership
  • Completed rehab to justify new appraisal
• Terms
  • 6-9% interest depending on credit and property
  • 4.5 origination points or $4500 (the greater of the two)
  • Points rolled into the loan
  • $350 - 450 fee for BPO and other hard costs
• Speed
  • Pre-qualify in 24 hours
  • Close in 20-25 business days

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Two simple hard money rehab programs to meet your needs:

Rehab Program #1 - Lower Rates and ARV $125,000 and Up

The Best fit for the program is an experienced borrower who will spend a bit more time to save money. Allow 15-20 business days to close.

• Property Types
  • Single Family, Condos
  • Duplex, Triplex, and Four Plexes
• Loan Value
  • $75,000 - $1,000,000
• LTV
  • Up to 75% overall
  • Up to 90% of purchase Price
  • Up to 100% of purchase price
• Terms
  • Purchase or Refi
  • Interest only, Fixed Rate as low as 7%
  • 3 origination points or $4000 (the greater of the two)
  • $299 fee for BPO and other hard costs
  • 6-12 month with NO prepayment penalty
  • All other 3rd party fees are at cost
• Speed
  • Pre-qualify in 5 minutes
  • First time borrowers close in 15-20 business days
  • Repeat borrowers close in 7-10 business days

Rehab Program #2 - Fast Close and OR ARV - $70,000 and Up

The Best fit for the program is borrower looking to close quickly and/or your rehab's ARV is $70,00 - $124,999.

• Property Types
  • Single Family
  • Duplex, Triplex, and Four Plexes
• Loan Value
  • $45,000 - $1,000,000
• LTV
  • Up to 65% overall
  • Up to 80% of purchase Price
  • Up to 80% of rehab cost
• Terms
  • Purchase or Refi
  • Interest only, 10-14%
  • 4.5 origination points or $4500 (the greater of the two)
  • Points are rolled into loan!
  • $350 - 450 fee for BPO and other hard costs
• Speed
  • Pre-qualify in 24 hours
  • Close in 7-10 business days

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Hard money for the buy and rehab is normally in the 10-14% range and costs up to 3-5 origination points. There is cheaper stuff out there, but that is a good average.

Private buy and hold money from a hard money lender falls in the 6-9% range depending on loan to value, Debt coverage ratio and credit.

Hard money does work, but it will cost you.

Are they REFIs or purchases?

True LTV Refinance loans up to 75% Loan To appraised Value (not loan to cost)

Must haves for the Rentals:

• Appraised values of $60,000 or more
• Borrower with credit score of 630+
• 1-4 Unit properties
• Plans to hold for 5 years to avoid prepayment penalty
• **12 month rental history OR you are refinancing out of a rehab**

Other pros:

• **True LTV% loans**
• Roll points into loan
• FAST loan decisions in < 24 hours
• FAST close in 20-25 business days
• Foreign nationals eligible at 65% LTV
• Bank Free loan
• FIXED rate 30 YEARS!

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Hard Money Starting at 7% for experienced  and 3 points

- ARV's of $125,000 - $1,600,000

- Rates go as low as 7% for experienced investors

- Most investors will fall in the 10-14% range

-  2.5 to 3 Origination Points

- $300 appraisal fee

- Single Family Houses, duplexes, triplexes, fourplexes, attached and detached PUD, and condos

- Same business day rate quote

- Close in 15-30 business days

- Need to close in 7-10? Contact me, I have another program.

- Have a property with an ARV of $70,000 - $124,999? Contact me, I have another program.

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and I will send you the data collecting form for a same day rate quote.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia